Identify Support / Resistance. Identify Trend Change while Sup / Res Breaking

All stock chart will have Support and Resistance whether it is sideways or trending . Find the right support and resistance is the key to the good trade.
Most of the time it is difficult to identify which is support or resistance. Here are some points which helps to identify the support or resistance in different Market conditions.

Importance and features of Support or Resistance?
will the trend or momentum change if Support (or Resistance) broke?
or
Role of Support and Resistance to change in trend or Momentum

This Article try to find "will the trend or momentum change if Support (or Resistance) break.


Identify which is Support or Resistance in trending stock?

Sideways Move
In a sideways Market, Frequent price retracement area will be the support or resistance.

Up trending Market
In a up trend market, Last Higher High will be the resistance and Higher Low will be Support

The momentum or price trend will change after HL Break. Otherwise the momentum is considered to be intact to uptrend.
We can draw a trendline connecting Higer Low point. Trend will be paused or will be moved sideways if the trendline breaks (and not HL Break)

Down trending Market
In a Down trend Market, Last Lower Low will the Support and Lower High will the Resistance.




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